Very simply as the thread title says, Cloud Token has no verifiable revenue generation, relying solely on new investors money to pay out
thus being
aka a Ponzi pretending to use miracle arbitraging software, with affiliate recruitment thru the deep MLM structure being the lucrative angle.

Quite a straightforwardly obvious scam so I'm not going to waste my posting time or your reading time elaborating on it further here.
Read this for further information, paying particular attention to the third comment.

I think you should start with the assumption that any activity you carry out which creates profit will be taxable, the question is whether it will be classified as income or capital gain. That will depend on your individual circumstances and the "badges of trade" criteria.
Whether they consider Bitcoin a currency or not a currency is a red herring; holding any non sterling currency is holding an asset and appreciation in its sterling value is potentially taxable, like that of any other asset. 

That would be nice, but highly unlikely.
IANAA, but HMRC would probably take the view that the BTC became a taxable asset when you received it, at a booked value of £4100.
They would probably say that you bought the domain name for £100 and sold it/exchanged it for an asset worth £4100 as transaction #1 (and tax you on that £4k profit), then used that net £4k to effectively become the owner of second asset i.e. the BTC, and then tax you on the £100k profit you make on it as transaction #2.
I take it you have tried to make sense of this?

Seeing as you've brought my name up (or something) I'll make my personal position super clear.
I am not part of any "clique" or circle jerk here.
I have nothing to do with "choosing sides", forum politics, doing "trust deals" or scratching backs with nutildah or anyone else.
I explained at the time why I put you on my exclusion list.

I was being a nice guy too.
What I actually meant was I think that your "one of the lads", see-the-best-in-people type nature, however pleasant a drinking partner or reliable a friend it may make you, borders on naivety, which is a quality I personally don't think is desirable on Default Trust. This may be my problem, being over cynical, but it's my honest opinion.
And whilst I'm making enemies of your homies, those are the same reasons I wouldn't support you being a Merit Source either.

Mining is a sector where minerals are dug up or coins created; it is neither a ponzi nor not a ponzi in itself.
Nearly as absurd as your imaginary difference between HYIPs and Ponzis. The term "HYIP" was invented by the scam industry to make their "too good to be true" inventions sound legitimate. A legitimate investment scheme is a provably legitimate investment scheme, irrespective of yield.
Take your own advice.
Your "authoritative source" quote is dredged up from a site called streetdirectory.com/travel_guide/
Obviously the only person who knows anything about anything is you.

Cryptodevil's feedback was and is accurate in my opinion and I would be surprised if he is convinced by your scammer hair splitting to remove it.
You'll be happy to read that I won't burden you and your pointless thread any further with my uninformed comments.

What trust depth are you using?

It is a good read, both in the original version and his edited one. If anyone thinks reformatted copypasta is worth merits, go for it.


Don't be so sensitive.
I appreciate it must be difficult for non English speakers to "rank up", as you put it, just wondering whether wholesale copypasta (reformatted or not) is the way forward?

That's the second time you have called me a liar. I suggest you stop.

Ponzi schemes are known for not calling themselves ponzi schemes. If they pretend to be legitimate, it helps people like you rip off new investors.

Oh yes.
Schemes like Chain.group and Finrivers
People who post scam threads like these only in the Russian HYIP ghetto usually avoid red trust, but I can always make an exception.
Of course you're not. 
 
He has no case.

This is not a faucet, it's a cloud mining ponzi.

CryptoMonitor was not a faucet, that thread was a deliberate ponzi pretending to cloud mine and duly shut down.
You posted several times with "proof of payment" in that thread (you have since deleted those posts. Why is that?)
Posting proof of payment in ponzi threads is seen as promoting, hence your negative trust feedback.
You don't have to agree.
End of story.

More likely it was you made the mistake of thinking that, as it's accepted to promote ponzis in the Russian local/HYIP forum (which you do continually), you could therefore post support in the reference English main board thread of the scam cryptomonitordotnet and get away with it, despite cryptodevil leaving large font posts there saying that he would leave red trust to anyone doing so.
But you will no doubt say you haven't deleted that post.

What part of


do you not understand?

Completely coincidentally, 40 minutes later in OgNasty's "Merit giveaway for forum contributions!" thread...

Knock yourself out, para 33 especially..

 https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=SRhgJjZzQXYlFyWiIVeUsA==

Here you go.

I followed that link and commented on it, which may or may not be helpful on this subject.

Does that mean you will stop paying for shill posting on this thread to cover up for the total lack of interest in this scheme?

Having carried out a similar check to that done by Bitcoin_Arena, I think it is extremely likely that the vouches are fake, either from personal alts, as part of a network or bought from a third party.
It depends on at what level of probability you come to "strongly believe that this person is a scammer". This does not require signed confessions, courtroom quality proof, nor agonizing over innocent until proven guilty, this is simply your strong belief.

Yes, they've been on a deleting spree, including a couple of mine which were not particularly critical.


But, of course, it's all the fault of the trust system  

---

The other Scam Accusation thread seems to sum up the situation fairly accurately